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Construction Operations/Closer in Fort Worth, TX at Colonial Savings

Date Posted: 7/25/2018

Job Snapshot

Job Description

Company:  Colonial Banking

Job Title: Construction Operations/Closer 

City: Fort Worth State: Texas        


Construction Operations/Closer


Job Description

As a Construction Operations/Closer with Colonial, you will assist in the processing, closing, and modifying of loans within the Construction Lending line of business.


  • Loan Committee duties including: checking credit approval for Colonial/investor; guidelines for single-close/rehab; reviewing loan worksheet, cost breakdown, appraisal, builder, and borrower information; assessing risk of overall transaction; obtaining approval in accordance with Loan Committee authorization levels; inputting approval data in systems, and filing data.
  • Initial Disclosures for Single-Close duties include: reviewing LO information for accuracy/ completeness; initiating disclosures through PPDoc software; and submitting data and reviewing disclosures for accuracy.
  • Builder/Contractor Review duties include: processing Builder/Contractor Questionnaires for program acceptance; ordering credit reports if applicable; sending Vendor Verifications; reviewing info to determine risk; obtaining Management approval; and communicate decision with LO.
  • Basic Draw Function duties include: contacting Builder/Contractor at file approval to discuss Draw Schedule and prepare start-up draw; setting up new Draw Schedules; ordering Inspections; completing Draw Disbursements; verify all required documentation in file: W-9, insurance, wire instructions, etc.; ordering Final Disbursement Docs; reviewing final docs: insurance, title endorsements, survey, affidavits; and review, approve/reject/amend disbursements-discuss w/ builder and/or borrower as required.
  • Closing duties include: reviewing commitment, survey, tax certs, Closing Information Sheet, lock information, other requirements for closing; inputting closing information in Empower; completing Document Prep in PPDocs; reviewing/forwarding documents; reviewing/finalizing LE/CD; reviewing/approving executed documents; funding and disbursement; secondary review of closing package; and accounting/reconcilement.
  • Loan Modification without Re-Qualification duties include: preparing modification packages for borrowers; collecting/processing accounting entries; secondary review of completed Modification Package; and shipping files to Investor Accounting.
  • Other duties include: responsibility for customer/builder interest statements; loan servicing to include draws, payments, and escrows; Money Market account management; processing all invoices for payment; 1099 Corrections; and other duties as assigned.


Job Requirements


  • 2 years recent Construction Lending experience, with a focus on One Time Close, Rehab and Builder Construction
  • Strong knowledge of title requirements
  • Strong knowledge of construction accounting principles
  • Strong interpersonal skills, including the ability to work successfully with LO’s, Builders, and Borrowers
  • Working knowledge of software processing systems
  • Experience in disbursement schedules/change orders
  • Ability to establish workflow through initial disclosures, processing, appraisal ordering,
  • underwriting, title work, and closing
  • Advanced organizational skills, including the ability to plan work activities and stay on schedule
  • Ability to communicate effectively, both orally and in writing
  • Computer proficiency, including Word, Excel, Outlook, and Internet Explorer
  • Ability to perform multiple tasks and prioritize responsibilities in a dynamic, fast paced working environment





This position offers a full range of benefits including Health, Dental, and 401k.

Equal Opportunity Employer



Colonial is a national provider of banking, home loans and insurance. Founded in 1952, the company has $1 Billion in assets and is privately held by choice to ensure our focus remains on our customers and not the expectations of Wall Street. Colonial is rated “Five Stars – Highly Recommended” as one of the strongest financial institutions in the country by Bauer Financial, a leading analyst, and has earned Fannie Mae’s Four STAR award for customer service and foreclosure prevention, as well as the highest achieving STAR Performer for best practices in General Servicing, Collections/Loss Mitigation and Neighborhood Stabilization in 2014.


Member FDIC | Equal Housing Lender | NMLS ID 401285